In general, a Free Zone Authority provides business owned by foreigners with licenses to practice freely within a country or a territory. And each Free Zone is designed to serve and focus on one or more business industry, where it offers licenses to companies that operate within these categories.
Companies that are set-up in a Free Zone are offered 100% ownership, tax exemption and purpose built office or warehouse facilities.
In the United Arab Emirates, there are more than 38 Free Zone areas spread across the country, some of them are:
- Dubai Airport Free Zone:
The establishment of Dubai Airport Free Zone aimed at having a one-stop-shop to ease the task of sitting up and operating a business in Dubai. The free zone provides the business with all their needs, starting from business registration, all the way to office space requirements.
- Dubai Biotechnology and Research Park:
One of the new Free Zones in Dubai, with a focus solely directed to the pharmaceutical and biotechnology industry.
- Dubai Diamond and Gold Park:
This Free Zone, and like its name suggests, presents a business park for companies and business operating in the gold and diamond industry.
- Fujairah Free Zone Area:
The Free Zone that offers companies an opportunity to run their business in the Emirate of Fujairah, one of the seven emirates of the United Arab Emirates, and though Fujairah is not as will known as other emirates, like the capital Abu Dhabi or Dubai, it does possess some very significant business opportunities.
ENPARK stands for "Energy and Environment Park", another free zone area in the Emirate of Dubai that is dedicated to companies operating in the clean energy and environmental technology.
- Jebel Ali Free Zone Area:
Maybe one of the most famous free zones in the United Arab Emirates, and it is known for its excellent service provided to customers, which is evident through a number of value added services and incentives.
Other free zone areas in the United Arab Emirates include:
- Dubai Auto Zone.
- Dubai Flower Center.
- Ras Al Khaimah Free Trade Zone.
- Ajman Free Zone area.
- Dubai Outsource Zone.
- Ras Al Khaimah Investment Authority.
- Sharjah Airport International.
- Hamriyah Free Zone.
- Dubai Studio City.
- Dubai Healthcare city.
- Ahmad bin Rashid Free Zone Area.
- Abu Dhabi Airport Free zone area.
Generally speaking, a business will easily fit into one of these categories, and will need to follow the necesarry process to register within said free zone.
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